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College Financing

College Financing. The Ever Rising Cost of College. FOUR YEAR DEGREE. A FOUR YEAR DEGREE IS A MUST IN TODAYS JOB MARKET. EMPLOYERS ARE RAISING THE BAR AS FAR AS EDUCATIONAL REQUIREMENTS. SPECIALIZATION HAS BECAUSE AN INTEGERAL PART OF THE BUSINESS MODEL. Costs Are Ever Rising.

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College Financing

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  1. College Financing The Ever Rising Cost of College

  2. FOUR YEAR DEGREE • A FOUR YEAR DEGREE IS A MUST IN TODAYS JOB MARKET. • EMPLOYERS ARE RAISING THE BAR AS FAR AS EDUCATIONAL REQUIREMENTS. • SPECIALIZATION HAS BECAUSE AN INTEGERAL PART OF THE BUSINESS MODEL.

  3. Costs Are Ever Rising • Tuition is the United States can range from hundreds of dollars a year to over 30,000 dollars a year. • Some institutions are respected more than others, so they charge more and have higher standards • The average tuition ranges from 12-15 thousand dollars a year.

  4. College Line Items TUITION COSTS ROOM/BOARD/EXPENSES Residency Commuter Schools University room and Board Alternative expenses • Tuition ranges depending on the University. • Costs also depend on the residency factor • Textbooks/Lab Equipment

  5. Methods of Financing • The type of College Financing really depends on what is suitable and what is available. • Every family and person have different circumstances. FINANCIAL AID DIRECT FINANCING LOANS COLLEGE SAVINGS PLANS RETIREMENT PLANS WORK AID PROGRAMS

  6. FINANCIAL AID • MOST FINANCIAL AID WILL BE APPROPRIATED BY THE FEDERAL GOVERNMENT. • FAFSA – ABOUT EIGHT WEEK TURN AROUND • AVENUES IN WHICH TO FUND COLLEGE SHOULD BE EXPLORED WHILE THE STUDENT IS STILL IN HIGHSCHOOL

  7. LOANS • LOANS ARE STILL AVAILABLE FOR COLLEGE • CO-SIGNERS ARE ULTIMATELY NEEDED IN THE CREDIT CRUNCH • SALLIE MAE IS THE AGENCY BEHIND FEDERAL STUDENT LOANS. • INTEREST RATES ARE AT RECORD LOWS.

  8. DIRECT FINANCING • PARENTS/GRANDPARENTS WILLING TO SPEND EARNED INCOME ON THE STUDENT’S TUTIUTION. • STUDENTS DECIDES TO TAKE FEWER CREDITS TO WORK AND PAY FOR SCHOOL. • A COMBINATION OF BOTH.

  9. COLLEGE SAVINGS PLANS • THE BEST OPTION • SAVING WHILE THE STUDENT IS STILL A CHILD • 529 PLAN • COVERDALE COLLEGE SAVINGS PLAN

  10. RETIREMENT PLAN • DID YOU KNOW YOU CAN TAKE A LOAN FROM YOUR 401K? • YOU PAY YOURSELF BACK TOO. • ITS ULTIMATELY FOR THE PARENTS WHO ABSOLUTELY NEED EXTRA CASH TO PAY FOR TUITION.

  11. WORK AID PROGRAMS • ALMOST ALL INSTITUITION OFFER WORK TO STUDENTS WHO QUALIFY FOR FINANCIAL AID. • THESE PROGRAMS OFFER POSITIONS OF WORK TO STUDENTS AND HELP PAY FOR STUDENTS’ TUITION.

  12. TWO YEAR COLLEGES • YOU CAN DRASTICALLY CUT THE COST OF TUITION BY ATTENDING A TWO YEAR COLLEGE TO BEGIN HIGHER EDUCATION. • ITS NOT SHAMEFUL • IT WILL NOT BE REFLECTION ON YOUR DEGREE • IT WILL SHOW ON YOUR RECORDS BUT MOST EMPLOYERS WON’T LOOK DOWN UPON IT.

  13. *SCHOLARSHIPS* • NOT ALL STUDENTS WILL QUALIFY • IT’S A COMPETITION OF SORTS • THERE ARE FEWER SCHOLARSHIPS OUT THERE TODAY • ITS STARTS WHEN THE STUDENT IS A CHILD • GOOD GRADES, AFTER SCHOOL ACTIVITIES, CLUBS, ATHLETICS AND CHARACTERS.

  14. PARENT/STUDENT RELATIONSHIP EXPECTATIONS STUDENT STRESS CLASSES SOCIAL ASPECTS WORK FRIENDS AND FAMILY THE ‘NEW’ REALITY CONSTANT PRESSURE • PARENTS SHOULD SET EXPECTATIONS FOR STUDENTS IF THEY ARE PAYING FOR CLASSES. • AN EQUAL UNDERSTANDING OF CURRICULUM. • MULTIPLE CHILD FACTOR

  15. IN SUMMARY • COLLEGE IS EXPENSIVE. • PARENTS AND STUDENTS NEED A DEEP UNDERSTANDING BEFORE THE FIRST CLASS. • MULTIPLE FINANCING OPTIONS. • A TWO YEAR COLLEGE ‘GREAT IDEA’.

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